'Life savings thief' takes $46,000 from ATM

The so-called 'life savings thief' carried out his crime over several months at two ATM machines. The suspect got away with tens of thousands of dollars by using an elderly woman's stolen bank card. Police are calling this man the 'life savings thief' and they're hoping that the public can help get him off the streets. Police released a surveillance photo of the man they believe stole an ATM card and pin number to drain the savings account of an elderly woman. In total, he stole $46,000.

Between August and November of 2009, the suspect used the stolen card at the Bank of America on the 100 block of Rosecrans Avenue in the city of Gardena and at the Bank of America on the 300 block of East Manchester Boulevard in the city of Inglewood.

Authorities are uncertain of whether or not additional victims are out there.

"At this point, we only know of one victim which is a 97-year-old female," said Officer Rosario Herrera, LAPD. "That's the victim in this particular case. According to detectives at this point, we don't know if there are or not."

Police say bank records show the suspect withdrew between $300 to $500 a day between the hours of 1 p.m. and 2 p.m., alternating from the two Bank of America locations. Surveillance cameras show the suspect drove a silver or gray 2000 or 2003 Mercedes Benz C230.

Police are not saying if the suspect knew his victim or how he was able to steal the card and pin number but they do have a pretty good description of the man that they're looking for.

He is black, between 25 to 30-years-old, about 5 feet 9 inches tall with black hair and brown eyes. He weighs between 170 and 180 pounds.

Police need the public's help in tracking down the suspect. If you have any information on this crime, you're asked to call1-877-LAPD-24.